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Cognizant Technology Solutions reported a 21.4% increase in net income for the first quarter of fiscal year 2025, reaching $663 million. The company's revenue rose 7.5% year-over-year to $5.1 billion, driven by large deals in the health and financial services sectors and increased demand for AI-powered IT services. Despite the revenue growth compared to the previous year, Cognizant issued a flat revenue forecast for the upcoming June quarter, citing constrained demand conditions. The company maintained its full-year revenue guidance, emphasizing its continued focus on execution and strategic growth areas.
Cognizant reported strong Q1 FY25 results, with net profit surging 21% year-over-year to $663 million, driven by rising demand for AI-powered IT services and the company’s intensified focus on execution. While revenue rose 7.5% YoY to $5.1 billion, it remained flat https://t.co/KH0x390SjS
#TechWithMC | Cognizant tops Q1 revenue estimates on large deals in health, financial services Read more on👇 https://t.co/r90cTsFoPu #Cognizant #Finance #Company #Technology @shaw_reshab
Cognizant Q1 net income rises 21.4%; maintains full year revenue guidance @shivaniAshinde #Cognizant #Q1NetIncome #Q1Results #ITFirms https://t.co/bhsMkvJl2J
